EXHIBIT 1
CONFIDENTIAL CONFIDENTIAL
Third Amendment to the
("Henryetta") JOINT VENTURE PURCHASE AGREEMENT
and the Related Xxxxxxxxx Note
June 5, 2001
This is to document the verbal agreement into this date to further modify the
("Henryetta") JOINT VENTURE UNIT PURCHASE AGREEMENT of September 29, 2000 (and
most recently modified in the Second Amendment dated March 26, 2001) and the
related note from Xxxxxxxxx Enterprises, Inc. dated October 10, 2000. All
parties to the original agreement and related note hereby agree that in exchange
for $10.00 and other good and valuable consideration, the due date of the
referenced note shall be extended by an additional twelve months, ie until
October 10, 2003. As noted in the March 26, 2001 modification, all parties also
acknowledge that the principal payment of the note will be made in increments
which began in February 2001 and are expected to extend over several months and
that such payments may include the reinvestment of profits generated by the
Joint Venture.
Agreed this date:
Xxxxxxxxx Enterprises, Inc.
By: /s/ Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx-President
Agreed this date: 06/06/02 Agreed this date: 06/06/02
Inter-Oil and Gas Group, Inc. Henryetta Joint Venture
By: /s/ Xxxxx Xxxxxx By: /s/ Xxxxx Xxxxxx
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Xxxxx Xxxxxx-President Xxxxx Xxxxxx-Managing Partner
